Under the Radar this, Helium Appraisal Drilling next few weeks11 Nov 2024 11:29
Primary Helium Discovery: Pulsar is at the forefront of primary helium project discovery and development, with its flagship Topaz project in Minnesota ("Topaz") flowing concentrations that are considered very high by global standards, significantly surpassing the commonly accepted economic viability threshold. Topaz also has a potential value-add product in the form of CO₂, with drilling demonstrating high content.
• Significant Upside Potential: The Company has only drilled one well to date at Topaz, with ongoing exploration poised to unveil the project's considerable size and scale, further enhancing its resource base.
• Near-Term Drilling and Timeline to Production: The Fundraising enables Pulsar to accelerate its development plans at Topaz, initially by deepening the Jetstream #1 well in Q4 2024, acquiring further seismic and commissioning a third party preliminary economic assessment, with a clear pathway to production supported by existing infrastructure and low-cost operational strategies.